For your free PIC evaluation, visit http://claimpicnow.com or call 6589 8739 to speak with our PIC experts now! Objective of PIC Bonus The PIC Bonus helps businesses defray rising operating costs such as wages and rentals and encourages businesses to undertake improvements in productivity and innovation. The PIC bonus is determined by the amount of expenditure businesses incur on PIC-qualifying activities. The PIC scheme was introduced in 2010, with further enhancements in 2011, 2012, and 2013. It is designed to encourage businesses to invest in productivity and innovation. All businesses can benefit, especially SMEs. There are 6 activities covered under the PIC Scheme: 1. Purchase / Leasing of PIC IT and Automation Equipment 2. Training of Employees 3. Acquisition / In-licensing of Intellectual Property 4. Registration of Intellectual Property 5. Research & Development 6. Approved Design Project About PIC Bonus The PIC Bonus gives businesses a dollar-for-dollar matching cash bonus for YAs 2013 to 2015, subject to an overall cap of $15,000 for all 3 YAs combined. This is given on top of the existing 400% tax deductions/allowances and/or 60% cash payout (aPIC cash payouta) under the PIC scheme. To enjoy the PIC Bonus, businesses must have made a claim for the 400% tax deductions/allowances and/or the PIC cash payout.
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